Quote from: Mauser on Today at 06:18:55 AM

Quote from: CoinPunkz on September 06, 2023, 04:48:22 PM

Looking to get some real-world feedback on trading bots, the pros, the cons and the most important question... do they work?

So please, only comment below if you're actively using trading bots and how successful they are.

Yes trading bots are working, because they automate existing strategies and will reduce the time we need to spend looking after our trades. In the past a few friends from university pooled some money together and we tried out a trading book. It was quite successful, but it only worked with stocks. As long as there are experienced and successful traders beating the market on a consistent basis there will be bots that can run these strategies more efficiently. The real question is can you get your hands on these trading bots, or do you have knowhow to create your own bot. In case you are running successful strategies on your own than you can look into building your trading bot. But if you are looking for a free trading bot that is going to make you a lot of money I don't think it exist. Why should anybody give away his trading bot that works well for free? People would rather sell it for money.

Logically speaking, there's no one in the right set of mind will exposed his working money making system, if he knows that the bot he created will continually bring him decent amount of benefits, for sure he will try to keep it as secret as it can be to make sure that no one will use it or exploit it as the value of winning strategy or patterns is really important in terms of trading.

If you have that knowledge and you know how to execute your trade or your target positioning, bot will be useful for you to lessen the time of your stay in projecting your position, as bot can do the work after you input your desire strategy and it will execute it the way you wanted things to take place.